REI Lense

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$5,887 (target)

861 Coolidge Rd, Birmingham, MI 48009

3 beds • 3 baths • 3238 sqft

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This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $177k initial cash invested.

-8.73%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$5,887

Rent

-$1,290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,887 income − $7,177 expenses = $1,290 out of pocket

Income$5,887Out of Pocket$1,290Mortgage P&I$4,28973%Property Taxes$1,06418%Insurance$2945%Management$58910%CapEx$2945%Vacancy$3536%Maintenance$2945%

Investment Breakdown

|

Purchase Price

$845k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$177k

Downpayment

20%

$169k

Closing costs

1%

$8,446

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,887

Total Expenses

$7,177

Mortgage P&I

73%

$4,289

Property Taxes

18%

$1,064

Home Insurance

5%

$294

HOA

0%

$0

Property Management

10%

$589

CapEx

5%

$294

Vacancy

6%

$353

Maintenance

5%

$294

Other

0%

$0

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